Cryptocurrency is no longer just something people invest in hoping it will rise in value. In South Africa, digital money like Bitcoin and others are now being used to buy …
Economy
- AfricaCryptocurrencyEconomyFinance & ServicesInnovationSouth AfricaTechnology
- AfricaEconomyHealthcareInternational RelationsPolitics
UK Cuts Foreign Aid to Boost Defence, Africa Faces Hardest Hit
The United Kingdom has announced a major cut to its foreign aid budget, reducing it by 40% — from 0.5% of Gross National Income (GNI) to 0.3%. The move, which …
- Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesPolicies
DTB Kenya Cuts Lending Rates Again as Borrowing Costs Ease Nationwide
Diamond Trust Bank (DTB) Kenya has reduced its base lending rate for all Kenya shilling-denominated credit facilities, cutting it by 20 basis points from 14.41% to 14.21%, effective July 1, …
- AgricultureEastern AfricaEconomyFinance & ServicesFintech
Kenya Tops Africa in Digital Farm Payments as Mobile Money Reshapes Rural Finance
Kenya has emerged as the clear leader in Africa for digital agricultural payments, outpacing regional and global averages by a wide margin. According to fresh figures from the World Bank’s …
- Eastern AfricaEconomyELECTRICITYEnergyGOVERNMENT
Kenyans Pay More as IPPs Sell Costlier Electricity Than KenGen
Electricity users in Kenya are facing the burden of inflated power prices due to expensive contracts signed between Kenya Power and Independent Power Producers (IPPs), even though the private producers …
- EconomyEnergyGOVERNMENTInfrastructureKenyaMarkets
Ruto to Privatise Kenya Pipeline Company by September, Eyes Revenue and Market Revival
President William Ruto of Kenya has announced that the Kenya Pipeline Company (KPC) will be listed on the Nairobi Securities Exchange (NSE) in September 2025, marking the first step in …
- CorruptionEconomyFinance & ServicesGOVERNMENTInternational Relations
Nigeria, West Africa Lost $407bn to Trade Mispricing in a Decade – AU Panel Warns
Nigeria and several other countries in West and North Africa lost about $407 billion between 2001 and 2010 due to trade mispricing, mostly caused by commercial tax avoidance by multinational …
- BusinessEconomyFinance & ServicesManufacturingMarkets
Lafarge Africa Reports N268.6bn Q2 2025 Revenue, Up 70% Year-on-Year
Lafarge Africa Plc, a top cement and building solutions provider in Nigeria, has reported a substantial increase in revenue for the second quarter of 2025, with sales hitting N268.63 billion. …
- BusinessEconomyEnergyMarketsOil & GasPolitics
Tinubu Meets Dangote at State House, Restates Support for African-Led Energy Market
President Bola Ahmed Tinubu on Tuesday evening received billionaire industrialist and Chairman of Dangote Group, Alhaji Aliko Dangote, at the Presidential Villa in Abuja for a private meeting, underscoring the …
- EconomyGOVERNMENTInfrastructureInsurance
Reps blame NAICOM for 25 insurance firms financial infractions
The House of Representatives has accused the National Insurance Commission (NAICOM) of failing in its regulatory role, saying the lapse allowed widespread financial infractions by 25 insurance firms operating in …